Group 1 - The core point of the article is that Xiaomi Group-W has been actively repurchasing its shares, with a total of 5.90 million shares bought back on January 16 at a price range of HKD 37.080 to HKD 37.200, amounting to HKD 219 million [2] - The stock has seen a decline of 4.23% during the period of these repurchases, indicating a potential market reaction to the company's buyback strategy [2] - Since January 13, the company has conducted share buybacks for four consecutive days, totaling 17.80 million shares and a cumulative amount of HKD 670 million [2] Group 2 - Year-to-date, Xiaomi Group-W has completed nine buyback transactions, repurchasing a total of 38.35 million shares for a total expenditure of HKD 1.46 billion [3] - A detailed breakdown of the buyback activities shows varying prices and amounts, with the highest buyback price recorded at HKD 39.320 on January 5 [3] - The buyback activities reflect the company's strategy to support its stock price amidst market fluctuations, as evidenced by the stock's performance during the buyback period [3]

Core Viewpoint - Xiaomi Group is a leading consumer electronics and smart manufacturing company in China, known for its "extreme cost-performance" strategy. The company is pushing for a high-end transformation, with the launch of its electric vehicle, the Xiaomi SU7, in 2024, marking a significant step in its "home, car, and ecosystem" strategy [1]. Group 1: Company Overview - Xiaomi's business model is described as a "triathlon," focusing on market expansion through cost-effective hardware, profit generation via high-margin internet services, and enhanced sales efficiency through a new retail model that integrates online and offline channels [1]. - The company has established a stable user base, with its internet services primarily driven by advertising and value-added services [2]. Group 2: Smartphone Segment - Smartphones are Xiaomi's core products, with a strong competitive position in emerging markets. The company is transitioning from a low-cost to a high-end market strategy, including collaborations with Leica for high-end imaging and the development of its own 3nm smartphone chip, expected to launch in 2025 [2]. - Despite the growth in average selling price (ASP) for high-end smartphones, Xiaomi's ASP remains lower than that of domestic competitors like Samsung and Vivo, indicating a need for further brand elevation [2]. Group 3: IoT and Consumer Products - Xiaomi is a global leader in the smart IoT platform, with a product ecosystem structured as "1+4+N." The synergy between its various business segments is expected to enhance overall performance [3]. - The company faces competition in the home appliance sector, particularly from leading brands, and may encounter growth pressures due to the reduction of government subsidies [3]. Group 4: Smart Automotive - Xiaomi entered the smart electric vehicle market in 2021, and the SU7 has quickly become a bestseller due to its high configuration, competitive pricing, and brand influence. However, challenges such as supply chain rigidity and increasing market competition are present [3]. - Concerns regarding the safety of autonomous driving features and the overall driving experience of Xiaomi vehicles have been raised, necessitating further validation of their technology [3]. Group 5: Financial Analysis - The company's revenue has seen rapid growth in recent years, driven by its high-end transformation and automotive business expansion. Gross margins are on the rise, indicating improved profitability [4]. - Xiaomi's R&D expenses have significantly increased, but remain at a reasonable proportion of revenue. The company maintains a healthy cash flow and liquidity position, with a debt-to-asset ratio around 50% [4].

Group 1 - The company, Xiaomi Group-W (01810), announced a share buyback plan, intending to repurchase approximately 5.9 million shares at a cost of about HKD 219 million [1]

Group 1 - Xiaomi Group-W (01810.HK) announced a share buyback on January 16, spending HKD 219 million to repurchase 5.9 million shares [1] - On January 15, Xiaomi Group-W spent HKD 148 million to buy back 3.9 million shares [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2026年1月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | | 股份類別 B | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01810 | 說明 | | | | | | | | 多櫃檯證券代號 | 81810 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | ...

小米集团-W回购明细 证券时报·数据宝统计，小米集团-W在港交所公告显示，1月15日以每股37.860港元至37.920港元的价格 回购390.00万股，回购金额达1.48亿港元。该股当日收盘价37.860港元，上涨0.21%，全天成交额43.97 亿港元。 自1月13日以来公司已连续3日进行回购，合计回购1190.00万股，累计回购金额4.51亿港元。 其间该股 累计下跌2.27%。 今年以来该股累计进行8次回购，合计回购3245.00万股，累计回购金额12.41亿港元。（数据宝） | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2026.01.15 | 390.00 | 37.920 | 37.860 | 14777.98 | | 2026.01.14 | 400.00 | 37.800 | 37.720 | 15109.00 | | 2026.01.13 | 400.00 | 38.040 | 37.940 | 15200.88 | | 2026.01.09 | 400.00 ...

格隆汇1月15日丨小米集团-W(01810.HK)公告，1月15日耗资1.48亿港元回购390万股。 ...

小米集团-W(01810)发布公告，于2026年1月15日，该公司斥资1.48亿港元回购390万股股份，每股回购 价37.86-37.92港元。 于同日，公司根据股份计划发行1.6万股股份。 ...

于同日，公司根据股份计划发行1.6万股股份。 智通财经APP讯，小米集团-W(01810)发布公告，于2026年1月15日，该公司斥资1.48亿港元回购390万 股股份，每股回购价37.86-37.92港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2026年1月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | | 股份類別 B | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01810 | 說明 | | | | | | | 多櫃檯證券代號 | 81810 | RMB 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行 ...